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Why Workday Shares Are Trading Higher By Around 12%; Here Are 20 Stocks Moving Premarket

Benzinga·08/23/2024 10:53:33
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Shares of Workday, Inc. (NASDAQ:WDAY) rose sharply in today's pre-market trading after the company reported its second-quarter financial results.

Workday reported second-quarter revenue of $2.08 billion, beating the consensus estimate of $2.07 billion. The company reported adjusted earnings of $1.75 per share, beating analyst estimates of $1.65 per share, according to Benzinga Pro.

Workday shares jumped 11.9% to $258.47 in pre-market trading.

Here are some other stocks moving in pre-market trading.

Gainers

  • Sequans Communications S.A. (NYSE:SQNS) gained 146.5% to $1.34 in pre-market trading after reporting preliminary second quarter 2024 financial results.
  • Portage Biotech Inc. (NASDAQ:PRTG) rose 130.2% to $6.24 in today's pre-market trading.
  • Momentus Inc. (NASDAQ:MNTS) gained 87.6% to $1.07 in pre-market trading.
  • Elevai Labs Inc. (NASDAQ:ELAB) shares rose 34.1% to $0.3085 in pre-market trading.
  • Mural Oncology PLC (NASDAQ:MURA) gained 19.2% to $3.91 in pre-market trading.
  • Perfect Moment Ltd. (NYSE:PMNT) gained 18.7% to $1.33 in pre-market trading after declining over 6% on Thursday.
  • Satellogic Inc (NASDAQ:SATL) gained 17.7% to $1.20 in pre-market trading.
  • Pono Capital Two, Inc. (NASDAQ:PTWO) gained 15.3% to $13.26 in pre-market trading after jumping 18% on Thursday.
  • Rezolve AI Limited (NASDAQ:RZLV) climbed 12% to $11.55 in pre-market trading. Revolve AI shares jumped 17% on Thursday after the company announced a partnership with ePages.

Losers

  • WiMi Hologram Cloud Inc. (NASDAQ:WIMI) shares fell 20.1% to $0.8307 in pre-market trading after jumping 37% on Thursday.
  • ShiftPixy, Inc. (NASDAQ:PIXY) declined 14.2% to $0.97 in pre-market trading.
  • SRIVARU Holding Limited (NASDAQ:SVMH) shares declined 13.8% to $0.1363 in pre-market trading. SRIVARU Holding shares jumped 33% on Thursday after the company announced the formal launch of the PRANA 2.0 electric motorcycle at a major event in Chennai, India. Also, the company said it aims to increase production capacity to nearly 10,000 units per month by the end of 2024
  • Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) fell 13.5% to $4.09 in pre-market trading as the company reported downbeat earnings for its second quarter and lowered its FY24 revenue guidance.
  • Air Industries Group (NASDAQ:AIRI) fell 12.7% to $6.26 in pre-market trading. Air Industries Group shares jumped 91% on Thursday after the company announced it received a $110 million contract for the production of Thrust Struts used in the GTF aircraft jet engine.
  • N2OFF, Inc. (NASDAQ:NITO) shares fell 12.5% to $0.2704 in pre-market trading after gaining around 6% on Thursday. N2OFF recently announced the 111 MW project in Germany as part of an agreement with Solterra Renewable Energy.
  • ESS Tech, Inc. (NYSE:GWH) shares declined 11.3% to $0.4792 in pre-market trading after declining 5% on Thursday.
  • Beneficient  (NASDAQ:BENF) fell 11.1% to $2.24 in today's pre-market trading after surging 9% on Thursday.
  • BurgerFi International, Inc. (NASDAQ:BFI) shares fell 10.4% to $0.2011 in pre-market trading.
  • Staffing 360 Solutions, Inc. (NASDAQ:STAF) shares dipped 9.2% to $2.78 in pre-market trading after surging 159% on Thursday.

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